Call money rate ends at 8.50-8.75 per cent

Mumbai, May 16 (UNI) Call money rates settled at 8.50-8.75 per cent today as compared to the previous close of 8.75 per cent to 9 per cent.

During the day, it touched a high of 9.50 per cent and a low of 8.25 per cent.

Rates were low despite the money market being in a deficit.

The RBI helped liquidity by infusing Rs 21,605 crore through the one-day LAF repo. At the reverse repo auction, two bids for Rs 35 crore were received, dealers said.

At the CBLO segment, 415 bids worth Rs 20,102 crore were traded in the range of 7.70-8.49 per cent.

Inter bank rates are expected to be in a range with liquidity expected to improve in the coming period, the dealers added.

UNI